Governor Josh Shapiro, Lieutenant Governor Austin Davis, and Department of Community and Economic Development (DCED) Secretary Rick Siger assembled elected officials, corporate leaders, private developers, organized labor, nonprofits, and artists from Pittsburgh to announce a major collective effort to improve Downtown Pittsburgh and revitalize the neighborhood as a thriving center for economic growth, culture, and industry. The Governor announced that nearly $600 million has already been committed toward specific, shovel-ready projects as part of the initial phase of this plan – all of those projects are scheduled to be completed by the end of 2028.
As part of this effort, the Shapiro Administration is investing $62.6 million and the City of Pittsburgh is committing $22.1 million through the Urban Redevelopment Authority.
A broad coalition of private sector leaders and regional foundations have committed more than $40 million — and counting — in additional funding for this plan, including partners like BNY; Dollar Bank; Duquesne Light Company; Federated Hermes; FNB Bank; Giant Eagle; Highmark; Pitt Ohio; PNC Bank; PPG Industries; Reed Smith; Buchanan Ingersoll & Rooney PC; K&L Gates; the Buhl Foundation; the Eden Hall Foundation; the Heinz Endowments; the Hillman Foundation; the Jewish Healthcare Foundation; the Pittsburgh Steelers; the Pittsburgh Pirates; and the Pittsburgh Penguins. Those public and nonprofit dollars will help spur an additional $376.9 million in private sector investment from real estate developers Downtown.
DCED estimates that the investments announced today as part of this plan will create over 3,500 construction jobs over the next four years.
“Pittsburgh is a great city, and in order for our Commonwealth to thrive, we need to ensure Downtown Pittsburgh is a hub of innovation, opportunity, and culture,” said Governor Shapiro. “With the Commonwealth’s significant support, we have a plan to invest in and revitalize Downtown and help it reach its full potential as a great neighborhood where thousands of Pennsylvanians can live, work, enjoy safe public spaces, and contribute to our vibrant culture. Pittsburgh’s elected officials, corporate leaders, sports teams, nonprofits, union workers, and artists are all behind this plan — and together, we will write the next chapter of this great city’s story.”
